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all ten of the highest tax states wept for president obama in 2012 and eight of the lowest tax states were for romney. that would be a particularly tough tax for blue states. them. charitable contributions. this is the most sensitive to tax incentives. you have to live somewhere, you need a home and it is hard it move it a new state because taxes went up. you don't need to give to charity. people give to charity because they want to and also, let's be real, because the government encourages through the tax code. it is reported in bloomberg in 2009 households with incomes of more than $200,000 claimed almost $60 billion in charitable deductions or 20% of total charitable giving in the u.s. that year. he goes on to site one study that found charitable donations are cut almost dollar for dollar to the increase in the donor's tax bill. so that could be a $60 billion cut to charity coffers. other studies said it could be half that though still likely in many billions of dollars of cuts to charities. that is the reality behind base broadening rate lowering tax reform. not magic. more afterm
all ten of the highest tax states wept for president obama in 2012 and eight of the lowest tax states were for romney. that would be a particularly tough tax for blue states. them. charitable contributions. this is the most sensitive to tax incentives. you have to live somewhere, you need a home and it is hard it move it a new state because taxes went up. you don't need to give to charity. people give to charity because they want to and also, let's be real, because the government encourages...
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and yesterday president obama met with a virginia family. tax hikes for the rich are nonnegotiable. >> just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is for families like this one. >> joining me now is barry, msnbc political contributor and editor for grio. hello, guys. >> perry, i'm wondering if these new unemployment numbers add to the president's leverage? >> i think they do. the big thing is the election. but the jobs numbers suggest that the economy is doing well and it cuts against the republican argument that raising taxes on the rich with would hurt the economy and the economy is fragile. the numbers though that the economy is not fragile and that would improve the economy's leverage. he's still doing so many public events. he is trying to use that public pressure to sort of force the republicans to cut a deal. >> doing this public stuff but at the same time having these private talks with the
and yesterday president obama met with a virginia family. tax hikes for the rich are nonnegotiable. >> just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is for families like this one. >> joining me now is barry, msnbc political contributor and editor for grio. hello, guys. >> perry, i'm wondering if these new unemployment numbers add to the...
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folks who voted for governor romney agreed with obama, that taxes on the high-income folks had to go up. so the challenge on the republican side, and it is tough, is folks like kevin mccarthy did get elected. and in his district, his no-tax pledge worked for him. these guys are in a very tough spot because they know at the end of the day they're going to have to raise these taxes. but doing so will cause an immense amount of political pain. that's why in my view, it's probably likely that we won't get a deal before january 1st. but on january 3rd, the senate sends a bill over. where now we're voting on a bill to lower taxes. the norquist pledge becomes irrelevant. in fact, they comply with the norquist pledge by voting for a bill that would provide tax relief for 98% of americans. so i just think this is a very difficult political situation on the republican side. you know, the speaker clearly knows that revenues have to go up. and he doesn't have the leverage now. and we're back into brinksmanship politics. but bottom line, the cliff is really much more a slope, and we can act on th
folks who voted for governor romney agreed with obama, that taxes on the high-income folks had to go up. so the challenge on the republican side, and it is tough, is folks like kevin mccarthy did get elected. and in his district, his no-tax pledge worked for him. these guys are in a very tough spot because they know at the end of the day they're going to have to raise these taxes. but doing so will cause an immense amount of political pain. that's why in my view, it's probably likely that we...
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that would let president obama pocket $1 trillion in tax revenue and secure a win on his key priority in the talks. but they would do nothing else. at the end of the year, we would still go over the fiscal cliff. remember, the bush tax cuts are one of the at least stimulative policies in the negotiations. according to the economic policy institute, extending the middle class tax cuts would wipe out only about 11% of the austerity's economic impact. 11%. but all that other stuff, the payroll tax cut, the unemployment insurance, the sequester, all that, that would still be expiring. so come early next year, the economy would likely be entering an austerity-induced recession. markets would be convulsing as they realize our austerity crisis is about to become also a default crisis. and so the economy, as a whole, is going to be going nuts. poll after poll already shows republicans are receiving more blame for the potential failure of the debt talks. and after telling the press they're going to make a strategic decision to use a debt ceiling as more and more dangerous leverage, they're lik
that would let president obama pocket $1 trillion in tax revenue and secure a win on his key priority in the talks. but they would do nothing else. at the end of the year, we would still go over the fiscal cliff. remember, the bush tax cuts are one of the at least stimulative policies in the negotiations. according to the economic policy institute, extending the middle class tax cuts would wipe out only about 11% of the austerity's economic impact. 11%. but all that other stuff, the payroll tax...
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the senate is sitting there and they have passed a tax cut extension program that the obama administration wants. it would essentially lay the groundwork for a quick fix to this fiscal cliff. >> sam stein, "huffington post," good to have you with us. >> go giants. >> stop that. >> had to do that. >> remember to answer tonight's question at the bottom of the screen. share your thoughts on twitter @edshow and on facebook. >>> coming up, mitch mcconnell saying raising limits. we're talking about what will happen if the parties don't come to a deal. >>> senate republicans have used a record number of filibusters. >>> senate republicans have used a record number of filibusters. john boehner is fighting to keep it that way. we'll tell you what that's about. >>> fast food workers stage the largest strike in their history. we'll show you what they hope to accomplish here in the big apple. >>> and later the white house releases the first beau obama christmas video. it's much better than the old barney camp videos and we have the tape to prove us. share your thoughts on facebook and twitter. we're c
the senate is sitting there and they have passed a tax cut extension program that the obama administration wants. it would essentially lay the groundwork for a quick fix to this fiscal cliff. >> sam stein, "huffington post," good to have you with us. >> go giants. >> stop that. >> had to do that. >> remember to answer tonight's question at the bottom of the screen. share your thoughts on twitter @edshow and on facebook. >>> coming up, mitch...
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. >> only obama can fix entitlements. democrat versus democrat fight over entitlement which mirrors their fighting over taxes. a response to an argument that was starting before former adviser steve ratner and minnesota democratic congressman keith ellison with near glee. there is no real choice about that. we're clear social security is off the table. this is, to me, the much more interesting debate between tom and dan. >> you want republicans arguing. both sides are also battling for control of the debt ceiling which may represent the republicans' greatest point of leverage in these budget talks. goo the speaker of the house says that's a nonstarter. >> silliness. congress will never give up the power. i've made it clear to the president. we need cuts in reform greater than the increase in the debt limit. >> bottom line, you've got to put a detailed plan on the table that the white house ends up agreeing to some of it, rejects some of it in the same way the white house is arguably overplaying their hand on taxes. the qu
. >> only obama can fix entitlements. democrat versus democrat fight over entitlement which mirrors their fighting over taxes. a response to an argument that was starting before former adviser steve ratner and minnesota democratic congressman keith ellison with near glee. there is no real choice about that. we're clear social security is off the table. this is, to me, the much more interesting debate between tom and dan. >> you want republicans arguing. both sides are also battling...
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president obama rejected the latest proposal from john boehner. the president and the democrats are focused on revenue and they are determined to make sure that the top tax rates go up. >> unfortunately, the speaker's proposal right now is still out of balance. he talks, for example, about $800 billion worth of revenues, but he says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> harry reid wasted no time explaining why the boehner proposal is not serious. >> math. you can't get from here to there unless you raise the rates. that's why romney couldn't explain it during the presidential election. no one can explain it because you can't do it. >> jay carney says the speaker's plans raises more questions than answers. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenues. it's magic beans and ferry dust. >> john boehner's heavy-handed approach to leadership, boehner and the republican steering committee kicked four republican congressmen out of the
president obama rejected the latest proposal from john boehner. the president and the democrats are focused on revenue and they are determined to make sure that the top tax rates go up. >> unfortunately, the speaker's proposal right now is still out of balance. he talks, for example, about $800 billion worth of revenues, but he says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> harry reid wasted no time explaining why the boehner proposal is...
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>> although the president seems obsessed about raising taxes on you, we feel that's not the right direction to go. >> it's interesting how no one from the bibz community has said president obama is wrong in all of this. none of the ceos who met with the president of the united states today came forward and challenged the president's plan. democratic leader nancy pelosi told me last night, ceos have been very understanding of the plan set forth by the white house. the business community is willing to accept rate increases. they are really making more concession than john boehner. eric cantor says republicans are not going to adjourn this year until a deal is reached. is that a sign of early capitulation? he knows republicans can't go home to their districts with absolutely nothing to show for it. that's not what the american people voted for. john boehner says he's willing to stick around town to get a deal done? >> i'll be here and i'll be available at any moment to sit down with the president, to get serious about solving this problem. >> but president obama says john boehner's presence is
>> although the president seems obsessed about raising taxes on you, we feel that's not the right direction to go. >> it's interesting how no one from the bibz community has said president obama is wrong in all of this. none of the ceos who met with the president of the united states today came forward and challenged the president's plan. democratic leader nancy pelosi told me last night, ceos have been very understanding of the plan set forth by the white house. the business...
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in the next hour and a half, president obama will continue the great reasonableness tour of 2012. visiting a middle class family in northern virginia with the aim of putting more pressure on congress to extend middle income tax cuts. majority leader harry reid did his part for the cause on the senate floor today. >> so it's apparent how this will end. the only question is, when will it end? it's how long will speaker boehner make middle class families wait for relief and how long will he force the financial markets to wait for uncertainty. >> joining the panel now, the sage of capitol hill, the seasonally elegant luke russert. >> thank you so much for having me. >> you get a special intro when you arrive on set a little late. thrilled to have you here, with ongoing deliberation on capitol hill, you are the eyes. >> eyes and ears hopefully. yet i'm here, congress is recessed this week. >> always a reason, my friend. the fact that tim geithner came out and said, we will go over this cliff, is somewhat counter to what the president has been saying thus far. you couple that and the re
in the next hour and a half, president obama will continue the great reasonableness tour of 2012. visiting a middle class family in northern virginia with the aim of putting more pressure on congress to extend middle income tax cuts. majority leader harry reid did his part for the cause on the senate floor today. >> so it's apparent how this will end. the only question is, when will it end? it's how long will speaker boehner make middle class families wait for relief and how long will he...
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michael is the president and ceo of kinex. >> good morning. >> president obama said a fam of four's taxes could go up. what impact does that have? >> it's fantastic to have the president our endorser in chief. when you remove that discretionary income and toys are a discretionary purchase as are other things. you are having some potential impact on the entire economy. obviously, toys and other things, as well. >> the president's plan calls for raising the tax rates on americans earning $250,000 or more. most republicans remain dead set against the president's plan. >> that's true. i think, though, we have to take a look at the larger context. the larger context is we have a math problem. we have $2.5 trillion that we're taking in every year on the federal government and $3.5 trillion that we're spending. so, we're going to need a balanced approach of both revenue and spending cuts to teat there. so, that's what the president has been talking about and certainly something i can support. >> "the wall street journal" today senior administration officials say the white house not making any ne
michael is the president and ceo of kinex. >> good morning. >> president obama said a fam of four's taxes could go up. what impact does that have? >> it's fantastic to have the president our endorser in chief. when you remove that discretionary income and toys are a discretionary purchase as are other things. you are having some potential impact on the entire economy. obviously, toys and other things, as well. >> the president's plan calls for raising the tax rates on...
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on "andrea mitchell reports" on the road again after republicans reject his opening bid, president obama hits the philadelphia suburbs campaigning hard for his plan to raise taxes on the rich. >> it's not acceptable to me and i don't think it's acceptable for you for a handful of members of congress to hold middle class tax cuts hostage because they don't want rates on upper incomes to go up. that doesn't make sense. >> the speaker was quick to respond. increasing tax rates draws money away from our economy that need to be invested in our economy to put the american people back to work. it's the wrong approach. we're willing to put revenues on the table, closing loopholes and not raising rates. we think it's better for the economy, pure and simple. >> and just now, hitting the jackpot. the small town missouri couple who have had more than their share of hard times win the powerball and with the great american generous spirit are taking it in stride. >> our main concern is our family and, of course, and we have a very large family and then next is our charities we'll be giving to. yeah. i
on "andrea mitchell reports" on the road again after republicans reject his opening bid, president obama hits the philadelphia suburbs campaigning hard for his plan to raise taxes on the rich. >> it's not acceptable to me and i don't think it's acceptable for you for a handful of members of congress to hold middle class tax cuts hostage because they don't want rates on upper incomes to go up. that doesn't make sense. >> the speaker was quick to respond. increasing tax...
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keep in mind, the senate is sitting there and they have passed a tax cut extension program that the obama administration wants and it would essentially lay the groundwork for getting a quick fix to this fiscal cliff. they could then move on to the spending cuts portion. >> sam stein, "huffington post," good to have you with us. >> go giants. >> stop that. >> had to do that. >> giants are okay. i like the packers better. remember to answer tonight's question question at the bottom of the screen. share your thoughts on twitter @edshow and on facebook. we always want to know what you think. >>> coming up, senate minority leader mitch mcconnell says democrats need to raise the eligibility age for medicare? obama care architect dr. zeke manual joins me to talk about what will happen if the parties don't come to a deal. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the differenc
keep in mind, the senate is sitting there and they have passed a tax cut extension program that the obama administration wants and it would essentially lay the groundwork for getting a quick fix to this fiscal cliff. they could then move on to the spending cuts portion. >> sam stein, "huffington post," good to have you with us. >> go giants. >> stop that. >> had to do that. >> giants are okay. i like the packers better. remember to answer tonight's...
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to raise taxes on folks who earn more than $250,000. he repeated that sentiment today. several other republicans said they'll violate his pledge. is there a full fledged revolt now against norquist? >> i think he is losing his influence. i have to add to karen's insight, democrats have elevated him, so has the media. the fact we are talking about him now adds to his mystique and power. i think grover used to be one of the only games in town when it came to spokesmen for this kind of movement and someone able to imply this pressure, there are other people on the right who can do this, other people just as good as he is. i have to say, this pledge has made the most sense to voters because it seems very simple. the fact it has loopholes and what not, i don't see people, oh, they violated the pledge, but there is that loophole. people now are looking for congress to make some common sense decisions and tom cole sounds like he's making common sense. his argument is as simple as no new taxes. >> thank you so much, once again, do appreciate yo
to raise taxes on folks who earn more than $250,000. he repeated that sentiment today. several other republicans said they'll violate his pledge. is there a full fledged revolt now against norquist? >> i think he is losing his influence. i have to add to karen's insight, democrats have elevated him, so has the media. the fact we are talking about him now adds to his mystique and power. i think grover used to be one of the only games in town when it came to spokesmen for this kind of...
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for president obama, people already like his idea, about raising taxes on income over a quarter million dollars and keeping everybody else's rates low and having that be the approached to a balanced approach to the deficit. that popularity of the idea that he is traveling around the country talking about. the popularity, the positive polling numbers for what he is talking about around the country is one of the two big advantages that president obama has here. the other is sort of as yet unexplored territory. when it comes to this type of campaigning, to asking the public to get involved in a policy issue, this president has an advantage that we don't really know how it is going to play out. this president, more than any other president and candidate in america history, maybe more than any other candidate in any country in history has built up a complex, comprehensive, robust, working system for finding his supporters, figuring out how best to contact them and then mobilizing them on his behalf, more than anybody else in history. the data-driven, high-tech system of contact with voters t
for president obama, people already like his idea, about raising taxes on income over a quarter million dollars and keeping everybody else's rates low and having that be the approached to a balanced approach to the deficit. that popularity of the idea that he is traveling around the country talking about. the popularity, the positive polling numbers for what he is talking about around the country is one of the two big advantages that president obama has here. the other is sort of as yet...
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we start with president obama digging in his heels about raising taxes on the wealthiest. senior administration official telling "the wall street journal" there will be no new offers until republicans allow tax rates to go up on top earners. this morning, the president accusing the gop of brinksmanship while republican senator orrin hatch said democrats are asking for too much. >> it's unacceptable for some republicans in congress to hold middle class tax cuts hostage simply because they refuse to let tax rates go up on the weltiest americans. >> what he proposed this week was a classic bait and switch on the american people. a tax increase double the size of what he campaigned on. >> joining me now nbc white house news correspondent mike viqueira. what can you make of this? fiscal cliff talks are they a nonstarter? >> i tell you, you listen to everything that is being said publicly. you see the president there. it's clear that the election, yes, is over. but the campaign goes on here. you know, i really believe that there two things that are clear from the white house to
we start with president obama digging in his heels about raising taxes on the wealthiest. senior administration official telling "the wall street journal" there will be no new offers until republicans allow tax rates to go up on top earners. this morning, the president accusing the gop of brinksmanship while republican senator orrin hatch said democrats are asking for too much. >> it's unacceptable for some republicans in congress to hold middle class tax cuts hostage simply...
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taxes. and when he violated that pledge -- >> off with his head! ♪ >>> we begin with a very busy day in washington and an array of meetings that would put your average speed dating event to shame. as we know, politics sometimes makes strange bedfellows. in this case one unusual lunch day. this afternoon the president hosted his vanquished rival, mitt romney. no word yet on if mr. romney found the cookies up to his rig rouse standards or how many white house beers the president decided to drink. we're also holding out hope that a savvy waiter or waitress caught at least 47% of the lunch on cell phone video. while in washington romney also met with his former running mate, the marathoner paul ryan, and offered a few kind words about him to the press. >> mr. romney, how was your meeting with mr. ryan today? was it nice to see him? >> that's a greet friend. good to be with him. >> good to be with him? >> always great to see paul ryan. >> while today's lunch was perhaps an opportunity to shake
taxes. and when he violated that pledge -- >> off with his head! ♪ >>> we begin with a very busy day in washington and an array of meetings that would put your average speed dating event to shame. as we know, politics sometimes makes strange bedfellows. in this case one unusual lunch day. this afternoon the president hosted his vanquished rival, mitt romney. no word yet on if mr. romney found the cookies up to his rig rouse standards or how many white house beers the president...
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>> i don't know who else goes at this point unless it's obama himself. it's not like the white house is replete with people. make jack lou. i think there is a lot to be said for the white house and their position is going to be able to go through with tax cuts. you know, the middle-class tax cut's going to go through. the tax increases on the rich is going to go through. >> the president has the leverage. the gop accusing the white house of failing to put forward the specifics. are democrats saying we told you what to expect farce revenues, now tell us what you want. >> i think the democrats are really at this point just trying to play this game of chicken. i've just come from capitol hill just now. there was a press conference with harry reid and senator murray, senator schumer, senator durbin. i think what they're trying to do, this is a very high stakes game of chicken. they're trying to have the other side blink first and put out a detailed proposal they can then pick apart without having to do that first themselves. >> meanwhile we have republican c
>> i don't know who else goes at this point unless it's obama himself. it's not like the white house is replete with people. make jack lou. i think there is a lot to be said for the white house and their position is going to be able to go through with tax cuts. you know, the middle-class tax cut's going to go through. the tax increases on the rich is going to go through. >> the president has the leverage. the gop accusing the white house of failing to put forward the specifics. are...
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president obama and john boehner. even all sides of the party are excluded. >>> with 25 days before taxes go up for nearly every single american, what effect will the jobs report have on the fiscal standoff? we'll get live remarks from john boehner who is going to try to use the jobs report to the republican's advantage. representative, let's start with the november jobs report numbers. they look very good, good news overall for the koirnlt tree. but speaker boehner said this, the democrats plan to slow walk our economy to the edge of the fiscal cliff instead of engaging in serious talks to avert the cliff, that includes spending cuts and tax reforms the president once supported. the white house has only offered a joke. i understand we have speaker boehner to the microphones. let's take a listen. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. eight days ago secretary geithner came here to offer a plan that had twice the tax hikes that
president obama and john boehner. even all sides of the party are excluded. >>> with 25 days before taxes go up for nearly every single american, what effect will the jobs report have on the fiscal standoff? we'll get live remarks from john boehner who is going to try to use the jobs report to the republican's advantage. representative, let's start with the november jobs report numbers. they look very good, good news overall for the koirnlt tree. but speaker boehner said this, the...
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and let's give tax cuts to the middle class. what is he talking about? this is about tax cuts. the president is saying, renew the payroll tax cut. give tax cuts to every dollar earned up to $250,000. i don't know what they're thinking, thomas. but obviously, they are putting it all on the line for the koch brothers and sheldon adelson who earn billions of dollars. they're selfish. and there's a group called patriotic millionaires who are saying please, please, tax us fairly. and here's the point. the president is saying to the millionaires and billionaires, we're just taking you back to the tax rates that you had when bill clinton was president. and i would like to remind everybody, we had the greatest prosperity then when everyone paid their fair share. 23 million new jobs. and why is it? because the middle class had the money to spend out there, to stimulate this economy. it's a consumer-driven economy. about 70% of the economy is consumer driven. and the other thing the president put on the table, i understand, is refinancing
and let's give tax cuts to the middle class. what is he talking about? this is about tax cuts. the president is saying, renew the payroll tax cut. give tax cuts to every dollar earned up to $250,000. i don't know what they're thinking, thomas. but obviously, they are putting it all on the line for the koch brothers and sheldon adelson who earn billions of dollars. they're selfish. and there's a group called patriotic millionaires who are saying please, please, tax us fairly. and here's the...
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he tim geithner says the obama administration is compared to go over the cliff if taxes on the wealthy don't something up. it's our "news nation" gut check. do you agree? [ male announcer ] this december, remember -- you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. is the same frequent heartburn treatment as prilosec otc. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even know you wanted. like a spoon fork. spray cheese. and jeans made out of sweatpants. so grab yourself some new prilosec otc wildberry. [ male announcer ] one pill each morning. 24 hours. zero heartburn. satisfaction guaranteed or your money back. >>> hi, everyone. i'm tamron hall. the "news nation" is following developing news right now. the president is in north
he tim geithner says the obama administration is compared to go over the cliff if taxes on the wealthy don't something up. it's our "news nation" gut check. do you agree? [ male announcer ] this december, remember -- you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. is the same...
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president obama stayed on offense today, visiting the santana family in northern virginia whose taxes will go up more than $4,000 in 2013 if middle class tax cuts aren't extended. >> i'm encouraged to see that there's been some discussion on the part of republicans acknowledging the need for additional revenue. as i've indicated, the only way to get the kind of revenue for a balanced deficit reduction plan is to make sure that we're also modestly increasing rates for people who can afford it. folks like me. just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. >> the concerted effort from the white house is very clear. here's white house press secretary jay carney. >> what will produce a deal is an acknowledgement by republicans, republican leaders, that rates on the top 2%, the wealthiest americans, have to rise. there is no deal without that acknowledgement, and without a concrete, mathematically sound proposal -- >> but speaker boehner still insists he can get the revenue without raising rates? >> now, the reve
president obama stayed on offense today, visiting the santana family in northern virginia whose taxes will go up more than $4,000 in 2013 if middle class tax cuts aren't extended. >> i'm encouraged to see that there's been some discussion on the part of republicans acknowledging the need for additional revenue. as i've indicated, the only way to get the kind of revenue for a balanced deficit reduction plan is to make sure that we're also modestly increasing rates for people who can afford...
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in this plan, obama knows republicans don't support stimulus money. they don't support $1.6 trillion in taxes. he's saying i won the election. we're going to start with a plan pretty far to the left and move slightly from there. he's playing hardball and saying they have to come to me. they have to accept tax increases. they have to spell out the spending cuts they want. he's trying to play a very assertive role in this discussion. >> all right. let's go here with you, dane that listen to speaker john boehner talking about this on friday about the president's plan. >> they want to have this extra spending that's actually greater than the amount they're willing to cut. i mean, it was not a serious proposal. and so right now we're almost nowhere. >> have you found almost nowhere on a map? do you know where we are? >> yes, it's in washington, d.c. right there in the center, the capitol, under the rotunda. it wasn't a serious proposal of course because it's not really a proposal. there's more posing and posturing going on in washington now than your typic
in this plan, obama knows republicans don't support stimulus money. they don't support $1.6 trillion in taxes. he's saying i won the election. we're going to start with a plan pretty far to the left and move slightly from there. he's playing hardball and saying they have to come to me. they have to accept tax increases. they have to spell out the spending cuts they want. he's trying to play a very assertive role in this discussion. >> all right. let's go here with you, dane that listen to...
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will go up on everybody, not just the 2%, and obama will win that argument and boehner knows that. so this is a kabuki dance. we know how this is going to end. republicans will have to concede a deal largely on obama's terms and the question is when. >> professor peterson, one is almost tempted to feel sorry for speaker boehner. his party lost the presidential election, they failed to swin the senate, the jobs numbers continue to improve, the president is adamant he's not going to concede over raising taxes. is speaker boehner now on the wrong side of history? >> well, his entire party on a lot of issues is on the wrong side of history. we don't feel sorry for him because we're making progress economically as a nation. that's very, very important. and the issues that we are going to address with this sort of fiscal cliff, fiscal slope, hill, wharf you want to call it are going to be very, very important issues. i want to clear one things up. the republicans wants to talk about deductions all the time. one of the key distinctions between letting the taxes go up a little bit on the 2
will go up on everybody, not just the 2%, and obama will win that argument and boehner knows that. so this is a kabuki dance. we know how this is going to end. republicans will have to concede a deal largely on obama's terms and the question is when. >> professor peterson, one is almost tempted to feel sorry for speaker boehner. his party lost the presidential election, they failed to swin the senate, the jobs numbers continue to improve, the president is adamant he's not going to concede...
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>> how will he pass the massive obama tax cut without the house? >> i'm assuming they'd want to have a big tax cut, right? >> no. >> they would sit on their hands post-january 1st and say nothing? >> do you think republicans are so stupid in the house they don't see that move coming and say, you know what? you go ahead and you try to pass your tax cut through harry reid's senate, and we'll pass our tax cut through the house. and good luck. >> so they would just rather have everyone's tax -- i'm shock that that would be the end result. >> harry reid would rather have it his way or nobody's way? >> no, i'm saying you can negotiate in these flex three weeks about this package of tax cuts. >> i don't mean this to be directed towards you -- >> but here it comes. >> -- no, i'm just saying generally, there is such an arrogance in the media since the president won. they think that these house republicans are -- >> have nothing to say. >> -- have absolutely nothing to say. >> i do agree with that. or nothing of value. >> they act as if they were elected by
>> how will he pass the massive obama tax cut without the house? >> i'm assuming they'd want to have a big tax cut, right? >> no. >> they would sit on their hands post-january 1st and say nothing? >> do you think republicans are so stupid in the house they don't see that move coming and say, you know what? you go ahead and you try to pass your tax cut through harry reid's senate, and we'll pass our tax cut through the house. and good luck. >> so they would...
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obama's objective in these negotiations is not economic but political. not to solve the debt crisis but to fracture the republican majority in the house. get boehner to cave, pass the tax hike with democratic votes provided by minority leader nancy pelosi and let the republican civil war begin. it doesn't even matter whether boehner gets deposed as speaker. either way, the republican house would be neutered, giving obama a free hand to dominate washington and fashion the entitlement state of his liking. what should republicans do? stop giving stuff away. if obama remains intransigent, let him be the one to take us over the cliff, and then let the new house, which is sworn in weeks before the president, immediately introduce and pass a full across-the-board restoration of the george w. bush tax cuts. >> so i don't think that's inconsistent with anything that i just said. i agree with him 100%. what have i been saying for a week? do not cave. compromise. do not cave. if the president doesn't want to meet us halfway on massive entitlement cuts, on reforming
obama's objective in these negotiations is not economic but political. not to solve the debt crisis but to fracture the republican majority in the house. get boehner to cave, pass the tax hike with democratic votes provided by minority leader nancy pelosi and let the republican civil war begin. it doesn't even matter whether boehner gets deposed as speaker. either way, the republican house would be neutered, giving obama a free hand to dominate washington and fashion the entitlement state of...